45-45.2. Transfer taxes not applicable.
Notwithstanding any other provision of law, no excise tax on instruments conveying an interest in real property, except that levied by Article 8E of Chapter 105 of the General Statutes, shall apply to instruments conveying an interest in property as the result of foreclosure or in lieu of foreclosure to the holder of the security interest being foreclosed or subject to being foreclosed. (1987, c. 685.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 45 - Mortgages and Deeds of Trust
Article 5 - Miscellaneous Provisions.
§ 45-43 - Real estate mortgage loans; commissions.
§ 45-45 - Spouse of mortgagor included among those having right to redeem real property.
§ 45-45.1 - Release of mortgagor by dealings between mortgagee and assuming grantee.